A publication for the offshore shipping industry published by Clarkson Research

Solid results for Kleven Maritime

Yard News // May 9, 2012

2011 was a good year for Kleven Maritime in Norway - the company has an operating profit of NKr 205 million, and pre-tax profit was NKr203.5 million.

“We have delivered very good results for three consecutive years. It is great to see that the Kleven way of building advanced vessels leads to results like these in the highly competitive shipbuilding market,” said Ståle Rasmussen, CEO of Kleven Maritime.

“Hardworking, competent employees and dedicated work in order to improve work methods and production systems have been key to the solid results we now announce.

"At both our yards, Kleven Verft and Myklebust Verft, we have had a close collaboration with customers and suppliers in order to find the best possible solutions for all parties.

"Our building method provides a higher level of control with the end product, which is of course an advantage for both our customers and us,” Mr Rasmussen said.

During 2011, Kleven Maritime has delivered six offshore vessels, with a total contract value of around Nkr 2.5 billion.

Kleven Maritime now has an order backlog of nine ships, at a combined value of around NKr 4 billion.

2012 looks promising. During the last two weeks, the company has signed contracts worth more than Nkr 1 billion.

Due to the excellent results, all workers will receive a share of profits.

“The solid results we’ve had the last few years has made it possible to invest for the future,” said Kjersti Kleven, Chairman of the Board.

“A new, 100m long quay is being finalised right now at Kleven Verft, and will add to the yard's capacity. We have also invested in a new, larger dock at Myklebust Verft, making the yard capable of offering service and rebuilding on the largest anchor handling vessels.

"We have also started on a major expansion of capacity at Kleven Verft, in order to increase the level of automation in our building processes. These investments are done to ensure effective operations, and to make sure we continue to be a safe working place in our local communities.”